Competition Law

Australian Competition Law and Policy Discussion

Creeping acquisition bill back in Parliament

Posted by Julie Clarke on 15 June 2011

In 2010 the Government announced it would introduce laws to deal with ‘creeping acquisitions’.  In May 2010 they introduced a bill which they claimed would do this (see my blog post discussing the proposed amendments).  That bill was considered by the Senate Economics Legislation Committee which, on 15 June 2010 (precisely a year ago!) recommended that it be passed.  The bill subsequently lapsed as a result of the 2010 Federal Election.

Today the Government re-introduced this bill (in the same terms as far as mergers are concerned – the bill also deals with unconscionable conduct).  View also David Bradbury’s second reading speech.

More to follow …

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